The ________ is the subcommittee of the board of directors that is responsible for ensuring the accuracy of accounting and financial statements.
A) audit committee
B) finance committee
C) nominating committee
D) personnel and compensation committee

Question

Quizplus · Accepted Answer

The audit committee is the subcommittee of the board of directors that is responsible for ensuring the accuracy of accounting and financial statements. The finance committee is responsible for managing financial resources and making financial decisions. The nominating committee is responsible for identifying and nominating potential board members. The personnel and compensation committee is responsible for setting executive compensation and overseeing employee benefits.

The ________ Is the Subcommittee of the Board of Directors